Bloomberg China has urged financial institutions to help local governments stabilise the rapidly cooling housing market and ease mortgages for some homebuyers, another signal that authorities are worried about fallout from the debt crisis at China Evergrande Group. At a meeting chaired by central bank Governor Yi Gang, authorities told financial institutions to cooperate with governments “to jointly maintain the …

Bloomberg Hamza Lemssouguer, a former top debt trader at Credit Suisse Group, is raising hundreds of millions of dollars from Squarepoint Capital as he starts his own hedge fund. Lemssouguer, 31, known for amassing large, risky bets on corporations, will manage the money as part of a venture with London-based Squarepoint. The Moroccan-born trader, who hopes to attract other investors, …

Bloomberg Morgan Stanley is preparing to invest $1.36 million in five startups led by women or ethnic minorities in Europe, the Middle East and Africa, expanding a program that’s run for the past four years in the US. The Wall Street bank aims to help groups that often struggle to find seed capital. According to Morgan Stanley, less than 3% …